The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1887-05-21

THE HOUSTON, CENTRAL ARKANSAS
AND NORTHERN RAILROAD COM
STATE OF LOUISIANA, PARISH OF
OUACHITA.
DE 1T KNOWN AND REMEMBERED
ID that we the undersigned parties, Will
NJ. Right, e. r. Morgan, J. w. johnson,
A. w. Files, all of whom are su bscribers to
the original subscription list of stock and
in the Houston, Central Ar
kansas Il Northern Railroad Company,
availing ourselves of tho privileges con-
ferred by the Constitution and Statutes OF
the State ofLouisiana relative to the organ
ization of corporations for Public Improve
ment have formed ourselves into a cor
poration, and do hereby and by these
Presents form organize and constitute
ourselves and all such other persons
as may hereafter become associated with us
into Body Corporate or Corporation and
to that end and for that purpose do cove
nant and agree to be governed by the fol-
lations as Articles of Corporation, which
are to be the charter of said corporation,
to-wit:
The name and title of this corporation
shall be The Houston, Central Arkansas &
Northern Railroad Company, and that by
said name said corporation shall have sue
cession and corporate existence for and
during the 1ull term of ninety-nine years
from the date OF this act, unless sooner dis
solved. 1t may sue and be sued; may hold
real and personal estate; may make con-
tracts; may receive grants Of land: and
personal property, and generally shall pos
sess all the power and privileges which
such corporations arc or may be authorized
to possess under the Constitution or by any
general law of this State.
ARTICLE III.
Tho place chosen for the domicile of said
corporation is Monroe, in the parish Of
Ouachita, State Of Louisiana.
ARTICLE III.
The purposes for which said corporation
has been and is established are:
Section l. TO locate, construct, own and
manage q railroad, with ono or more tracts
and suitable turnouts and switches upon
such gauge and construction, and upon such
a course or route as tho chiefengineer of the
company with tho approval of the directors
may deem most advisable and expedient be-
ginning at point alto near Monroe, in the
parish Of Onachita, Louisiana, and running
and Morohouso said State on such route as
may be selected to such point on the Line
between the States of Louisiana and Ar
kansas as may be selected by the said chief
engineer and there to connect with rail-
road constructed or to be constructed, from
said point on said State Line i'll the State
of Arkansas. through the counties of Ash
lev, Drew, Lincoln and Jefferson to q point
at or near Pine Bluff Arkansas, and hav-
ing the Same name as this corporation
This being continuation Of said route
from said Arkansas and Louisiana Line to
the city of Monroe, Louisiana.
Sec. 2. TO locate, construct, lease, own,
operate, maintain and use such branch rail-
roads and tracts as a majority of the direc-
expedient and for the interest of said com
pany; saidscompany shall not be restricted
in the exercise Of this privilege to the State
Of Louisiana but may connect its main line
States as shall authorize the exercise of said
privilege within their limits; and the said
company shall have a right to establish
and maintain proper elevators. and freight
ard passenger depots at such points and
places as may be deemed most eXpedient
and proper; and said company shall have
the right to acquire by appropriation such
property as it may require for tracks. road
bed, depotS, elevators or other necessary
purposes.
Sec. 3. To purchase, hold, operate, MAIN
tain and use any connecting railroad or
railroads, or to consolidate with tho same
and make one company under tho name OF
the companies SO consolidated or any other
name.
chase in the State of Louisiana and there
after to own, maintain and use such
wharves, bridges, piers, harbors. steam
boats, warehouses;, elevators, yards, depots,
stations and other works as said company
may doom necessary, or as will aid said
company i'll the prosecution of tho purposes
for which it was and is formed, and to
nor as may DO doomed necessary and most
likely to promote the welfare of said COM
pany.
Soc. 5. no take. transport, carry and
convey persons and property upon its said
railroad and to receive for safe Keeping and
to store merchandise and property in it's
yards, elevators and warehouses; and to
receive for such transportation safe keep
ing or storage such tolls and charges as
may from time to time be established by
the directors of said railroad company; to
make advances OF money or credits for
charges made by other transportation lines
upon merchandise or property to be trans
ported upon its own roads or to DO stored
in its yards, warehouses or elevators to such
eXtcnt and on such terms and conditions as
tho directors of said company may from
time to time establish.
Soc. 6. To obtain and receive by grant,
gift devise and belueath both rcal and per-
sonal property and to have and to hold the
same for the purposes and objects of said
company.
Soc. Z. To construct said railroad and
maintain the same and to have tho right of
of tho water courses. streets, highways or
other public places Of said State.
Sec. $. To appropriate property accord
ing to existing aud future laws.
Sec. .. To borrow money, to purchase
and lease property on its own credits for
the purpose of constructing and maintains
ing said railroad or establishing cont inuous
and connecting lines us heretofore provided:
and as evidence of he indebtedness of said
company for such loans, or the purchase or
lease OF such proIerty to issue its corporate
bonds orpromiSsory notes, bearing interest
mt such rate per annlim as the directors may
elect, and ma - payable at such times and
places as may DO deemed most to the adj
vantage OF said corporation; and for Secur-
ing the payment of said bonds or notes. to
mortgage or pledge it's capital stock. its
corporate franchises, and any or all of its
real or personal property, or both.
ARylCl,E ~.